MIG Real Estate has acquired Seventy5 Business Park, a four-building industrial infill park totaling 222,394 square feet in Phoenix. Located at 7150 West Roosevelt St., the project is situated on approximately 14.4 acres with freeway visibility from Interstate 10. The property is currently 95 percent leased to a diverse roster of 33 tenants.
Seventy5 Business Park sold for $46.75 million. The seller was Baron Properties, a privately owned, full-service real estate firm based in Denver that is focused on investments, development and management of industrial and multifamily assets.
Cushman & Wakefield’s Mountain West Capital Markets Industrial team represented the seller in the transaction and provided market leasing advisory.
Seventy5 Business Park provides signage visible from I-10 along with immediate freeway access. The park features flexible small-bay sizes, loading capabilities with common-area truck wells, and fully built-out office spaces. The locati